Acquisition of Hotel Horizon Private Limited under the Insolvency and Bankruptcy Code, 2016 - Update
OBEROIRLTY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oberoi Realty Limited, as part of a consortium with Shree Naman Developers Private Limited and JM Financial Properties and Holdings Limited, has completed the acquisition of Hotel Horizon Private Limited (HHPL) under the IBC corporate insolvency resolution process. The consortium made payment of Rs. 919.25 crore on May 7, 2026 (Transfer Date). Oberoi Realty now holds 49.999% shareholding in HHPL after infusing Rs. 460 crore, which includes Rs. 49,999 equity shares of Rs. 100 each and balance as unsecured loan. The Monitoring Committee has ceased to exist, and the Board of Directors of HHPL has been reconstituted with Consortium-identified individuals, with management now vested in the Consortium.
The acquisition is positive as Oberoi Realty gains significant exposure to the hospitality sector through HHPL at a distressed valuation, with management control now transferred to the consortium.